The Dolans share common money mistakes that can put a strain on your marriage.
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Ken: We have something here that we haven’t talked about. We take a minute to talk about it and that’s couples money mistake. A lot of other people are calling our national radio show. My husband says this. My wife says that. Let’s talk about that for a second. And with that arguments and we’ve learned over the years during our long very happy marriage.
Daria: Now, we don’t have any arguments so I just take care of the money and you shut up!
Ken: Not far from the truth. I give her a lot.
Ken: Just to bring on the goals.
Daria: We’re not setting the middle and then we’re getting into a fight because one person wants to go in this direction and one wants to go in that direction.
Ken: Because there’s no gain plan. How much are we going to save so to save so as versus orders? How much are we going to save? How much are we going to spend? And how are we going to spend it? Financial goals it’s just like saying we’re making great time but we’re lost setting goals. Isn’t just the newly weds here?
Daria: No, then there is the phenomenon in relationships that revolves around money. Inevitably, opposites attract. Yes, that’s the overall view and it goes right down to money matters where people would like to hoard or save money and that marrying people who like to spend. So you got your hoarders, you got your spenders and they end up getting married and then they fight like crazy or sometimes two hoarders marry one another and guess what, then they fight for whose going to be the bigger hoarder or two spenders get marry together and fight over whose going to spend more. So either way, there’s fighting. You’ve got to set the goals and keep spending in check.
Ken: Well, thank you, Daria. Another one is lying about your spending. Well, I agree that really wasn’t that expensive.
Daria: Or our ladies are putting the shopping bags in the trunk of the car until he leaves the house. I know you do that.
Ken: Oh that’s better, that’s so good.
Not spending time on smart investing and learning. I don’t know how many couples in the last 25 years on the media. You know really, my husbands and I are really or my wife. We really don’t know much about investing, 401K’s, 403B’s, IRAs. How were you doing all that? I'm going to tell you get a firm footing and at least the basics of investing, getting again, applying together.
Daria: Also, another bad thing that couples can do when they get into a fight over money, somebody says I’ll fix your wagon and goes and spends this in spite, in fact a family members of ours, bought a 40-foot once that way. Marriage ended shortly out there.
Ken: Once we discuss that, it was not me. Hiding money obviously, now the big mistake, hiding money in the last one among others is assigning blame if you get into it. Well, that’s your fault. Well no, it’s yours. It’s probably both at your fault because you haven’t followed some of these concerned events.
Daria: Because if one of you got into trouble, the other one wasn’t paying any attention to what though with the first person was doing. You’re both wrong.
Ken: You’re both wrong. You have a marriage and you also have a money life. Keep your cool. Yes, it’s an emotional issue. Money is the number one problem of break ups of marriage. Get your money act together.
Daria: Hey girls! It’s a golden rule. Whoever has it makes the rules.